The 25-basis-point hike was priced in but failure to surprise… is a surprise in this week of central bank surprises Following the BoE’s expected 25 basis point hike, the pound has dropped below $1.21 handle and the FTSE has come off its lows, although the latter remained deep in the red at the time of […]
The post BoE Risks Losing Credibility after 25bp Hike appeared first on Action Forex.
Dollar’s broader weakness reasserted itself last week, even as it managed a modest late rebound against Euro. Across the board, however, the greenback remains under pressure, with underlying momentum and sentiment pointing to further downside Read more…
After more than a year of speculation about whether Spirit Airlines could come out of two bankruptcies with a last-minute Hail Mary, the skyrocketing price of jet fuel ended up dealing the final blow to Read more…
The contentious clash of divergent opinions on the Federal Reserve’s outlook on short-term interest rates has clarified with three regional bank presidents zeroing in on increasing uncertainty about the Iran war’s impact on inflation. Fed Read more…